Press Release

Amco rolled up its sleeves to win construction orders from third parties

- Amco established a Youngnam branch in Ulsan.- The new branch will receive construction orders, compile and analyze information and establish strategies.- Amco targets to increase the proportion of projects commissioned by a third party up to 40% of its revenues

To win more projects from government agencies and other third parties, Amco (Representative: Kim Chang-hee. www.amco.co.kr) said on October 21 it had set up a branch in Youngnam, which had begun its sales efforts in full swing.

Amco’s setting up its first branch in Korea is designed to step up the efforts to receive more orders from third parties.

Meanwhile, the Youngnam branch, which already held its signboard-attaching ceremony, will supervise the company’s projects conducted in Youngnam area, while compiling the information on construction orders, establishing strategies, developing new businesses, reviewing commercial viability of projects and monitoring competitor trends.

Through the efforts, Amco plans to take part in key projects such as pier facility construction, land reclamation, factory facility construction and oil tank construction projects.

Amco will also step up its sales efforts by gradually setting up branches in other provinces across the nation.

An official of Amco said, “While we have focused on the projects to build and extend factories of Hyundai Motor Group, we will make efforts to win projects invested by the government and private companies under the goal of increasing their proportion to the total revenues up to 40% in order to become an integrated construction company.”

* Photo: Amco established its Youngnam branch in Nam-gu, Ulsan to win projects from third parties in full swing. From the second on the left, Head of Youngnam Headquarters (Senior Vice President, Kwon Sun-jung), Head of Civil Engineering Group (Executive Vice President, Lee Byeong-sok), and Head of Civil Engineering Division (Director, Kim Hong-guk). The end.